Central Banks of Azerbaijan and Hungary sign Cooperation Memorandum

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Press Releases A - A + Memorandum of Understanding on Cooperation between the Central Bank of Azerbaijan and the Central Bank of Hungary Signed June 5, 2026: As part of the second meeting of the Council of Central (National) Banks of Member Countries of the Organization of Turkic States held in Baku, a Memorandum of Understanding on Cooperation between the Central Bank of Azerbaijan and the Central Bank of Hungary was signed. The Memorandum will serve to strengthen the institutional and legal foundations of cooperation between the two institutions, further expand mutual relations, and promote the exchange of advanced practices and knowledge in the field of central banking. Within the framework of the Memorandum, cooperation will be deepened in areas such as monetary policy, banking supervision, capital markets, insurance sector, payment systems, financial technologies, and other areas of mutual interest. To this end, the organization of meetings, seminars, experience exchanges, training programs, and business trips is envisaged. The Memorandum will contribute to the development of both central banking and the financial sector as a whole in both countries. 1 11.73 MB 05.06.2026